J.B. Hunt Transport Services (NASDAQ:JBHT) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$3.07b (down 3.0% from 3Q 2023).
- Net income: US$152.1m (down 19% from 3Q 2023).
- Profit margin: 5.0% (down from 5.9% in 3Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$1.50 (down from US$1.81 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
J.B. Hunt Transport Services Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.3%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Transportation industry in the US.
Performance of the American Transportation industry.
The company’s shares are up 3.7% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company’s balance sheet. See our latest analysis on J.B. Hunt Transport Services’ balance sheet health.
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